Galaxy Digital reported net income of $505 million for the third quarter of 2025, driven by record trading performance and gains across digital asset and investment positions. The company’s adjusted EBITDA rose to $629 million, marking its strongest quarter since listing. The Toronto- and New York–based digital asset firm said total assets grew 27% quarter-over-quarter to $11.5 billion, with $1.9 billion in cash and stablecoins and $3.2 billion in equity. Galaxy’s Global Markets division led the...